Irish Educational Foundation Inc

Analysis

Irish Educational Foundation Inc is a registered charity in United States, based in Medfield, MA. It received its IRS tax-exemption ruling in July 1992, 34 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Irish Educational Foundation Inc reported income of $159k and spending of $109k, leaving 32% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $750k to $159k (-79%), an average of -32% a year. The sharpest change came in the year to December 2023, when income dropped by 65%. Over the whole period it spent 96% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Irish Educational Foundation Inc sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 53rd percentile within MA. Charities of a similar size with the same main cause include Azizi Life ($159k), Whitestown Parks Foundation Inc ($159k) and Friends of Hawaii Charities Inc ($159k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 48% of the total. Compensation of current officers, directors and key employees was $19k (17% of expenses). At year end it held assets of $325k against liabilities of $0, net assets of $325k.